Bank of New York Mellon Corp (BK) Position Boosted by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC raised its position in Bank of New York Mellon Corp (NYSE:BK) by 19.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,412 shares of the bank’s stock after buying an additional 4,000 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Bank of New York Mellon Corp were worth $1,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Roble Belko & Company Inc boosted its position in Bank of New York Mellon Corp by 25.1% in the third quarter. Roble Belko & Company Inc now owns 2,502 shares of the bank’s stock worth $100,000 after buying an additional 502 shares during the period. Quadrant Capital Group LLC boosted its position in Bank of New York Mellon Corp by 1.9% in the third quarter. Quadrant Capital Group LLC now owns 3,641 shares of the bank’s stock worth $139,000 after buying an additional 69 shares during the period. SRB Corp boosted its position in Bank of New York Mellon Corp by 12.9% in the third quarter. SRB Corp now owns 3,903 shares of the bank’s stock worth $156,000 after buying an additional 447 shares during the period. Kistler Tiffany Companies LLC boosted its position in Bank of New York Mellon Corp by 0.3% in the third quarter. Kistler Tiffany Companies LLC now owns 4,117 shares of the bank’s stock worth $164,000 after buying an additional 14 shares during the period. Finally, Sippican Capital Advisors purchased a new position in Bank of New York Mellon Corp during the third quarter worth about $200,000. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Institutional Ownership by Quarter for Bank of New York Mellon Corp (NYSE:BK)

Shares of Bank of New York Mellon Corp (NYSE:BK) traded up 0.21% during midday trading on Friday, reaching $46.75. 7,468,343 shares of the company’s stock traded hands. The stock has a market cap of $48.50 billion, a P/E ratio of 14.84 and a beta of 1.32. The stock has a 50 day moving average of $47.28 and a 200-day moving average of $46.03. Bank of New York Mellon Corp has a 12 month low of $35.72 and a 12 month high of $49.54.

Bank of New York Mellon Corp (NYSE:BK) last announced its quarterly earnings data on Thursday, April 20th. The bank reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.83 billion. Bank of New York Mellon Corp had a net margin of 22.64% and a return on equity of 9.74%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. On average, equities research analysts forecast that Bank of New York Mellon Corp will post $3.48 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Tuesday, May 2nd will be given a dividend of $0.19 per share. The ex-dividend date is Friday, April 28th. This represents a $0.76 annualized dividend and a yield of 1.63%. Bank of New York Mellon Corp’s payout ratio is presently 24.05%.

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BK has been the subject of a number of research analyst reports. Deutsche Bank AG cut their target price on shares of Bank of New York Mellon Corp from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 6th. Jefferies Group LLC reissued a “hold” rating and issued a $52.00 price target on shares of Bank of New York Mellon Corp in a report on Tuesday, April 11th. Keefe, Bruyette & Woods set a $49.00 price target on shares of Bank of New York Mellon Corp and gave the company a “hold” rating in a report on Tuesday, April 4th. Royal Bank of Canada reissued a “hold” rating and issued a $52.00 price target on shares of Bank of New York Mellon Corp in a report on Tuesday, April 4th. Finally, Zacks Investment Research lowered shares of Bank of New York Mellon Corp from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Bank of New York Mellon Corp currently has an average rating of “Hold” and an average price target of $50.92.

In other Bank of New York Mellon Corp news, Vice Chairman Brian T. Shea sold 199,676 shares of Bank of New York Mellon Corp stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $45.07, for a total transaction of $8,999,397.32. Following the completion of the sale, the insider now directly owns 348,486 shares in the company, valued at $15,706,264.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.40% of the company’s stock.

About Bank of New York Mellon Corp

The Bank of New York Mellon Corporation is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.

5 Day Chart for NYSE:BK

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